11/21/2024

White Paper Finds Boards Need More 'Tech Savvy'

Boards are at risk of succumbing to short-term, reactive responses

Boards are struggling to be fit to respond to a rapidly changing technological environment, according to a new report.

Technology Leadership in the Boardroom: Driving Trust and Value, released earlier this month by the National Association of Corporate Directors, describes how new technologies, especially generative AI, have prompted organizations to rethink their strategic timelines and value propositions and to determine whether they have the required leadership in the boardroom and C-suite. As the report puts it: "Directors and C-suite executives who entered the leadership ranks even five years ago may not fully grasp the technology-driven operating models that are creating value today."

“These technology trends are not just impacting the way we operate, they’re redefining who we are as businesses—our strategies, our business models, how we create value, how we engage customers,” said Friso van der Oord, senior vice president of content at NACD. “That’s obviously not part of the operating experience of many directors.” 

Please select this link to read the complete article from Associations Now.